Compliance Monitoring & Surveillance, AVP

at  State Street

Who we are looking for
The Compliance Risk Testing Analyst, Assistant Vice President will be responsible for working with a team of professionals to develop and execute regulatory testing and controls testing to provide reasonable assurance that State Street is complying with applicable laws, regulations, and internal policies. As part of a collaborative global team, you will contribute to Compliance Risk Testing plan development and lead the execution of strategically important testing. This position is perfect for an individual who has experience with asset management and trading practices, risk assessment, internal controls, compliance or audit functions.
Why this role is important to us
The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.
What you will be responsible for

As a Compliance Risk Testing Analyst – AVP you will:

• Work with all levels of asset management personnel with respect to the appropriate establishment, implementation, and documentation of regulatory processes and controls
• Lead process walkthroughs and design monitoring and testing activities for areas deemed to be of higher focus, pertaining but not limited to asset management and trading practices
• Assess the firm’s asset management risk-based compliance program to assure compliance with significant regulatory requirements (i.e. Securities and Futures Act, FINRA rules, Securities and Exchange Commission, Federal Reserve System, Financial Conduct Authority statutes and regulations) as well as internal policies
• Provide testing coverage that is primarily focused on but not limited to asset management and trading practices to ensure appropriate business line and regulatory coverage
• Perform an analysis of evidentiary data and draw conclusions as to the adequacy and effectiveness of business controls or whether a regulatory obligation has been breached
• Ensure that workpapers are thorough, well-organized, and support the work executed, including evidence of exceptions identified
• Draft reports that are appropriate for executive level consumption to clearly communicate results, risks, and key issues
• Maintain current knowledge of regulators’ focus areas, recent enforcement actions, and industry practices generally
• Liaise with Compliance Advisory, Business Unit Management, and other key stakeholders to design and execute testing activities to detect gaps, issues, breaches and process improvements, promoting the benefits of the CRT function
• Work with CRT and Compliance Advisory colleagues to endorse a strong, global culture of Compliance
• Establish and maintain relationships with other CRT and Compliance staff members globally
• Monitor applicable regulatory changes and provide effective change management to address such changes; keep abreast of new products technologies and applications as well as their implications for assigned area
• Comprehend complex processes and challenge the status quo, identifying risks and potential inadequacies affecting compliance with regulatory obligations

What we value

These skills will help you succeed in this role

• Strong attention to detail and coordination capabilities
• Thriving in a fast-paced environment
• Strong relationship and team building skills
• Outstanding work ethic and drive for increasing responsibility
• Highly organized and with a “roll-up their sleeves to get things done” mindset
• Excellent written, verbal, and interpersonal skills
• Ability to effectively prioritize multiple tasks and work collaboratively as part of an international team across multiple locations with global stakeholders
• Ability to evaluate detailed business data and test results with healthy skepticism and an understanding of when and how to challenge
• Inclusive mindset that recognizes the value of building relationships across a diverse global team and demonstrate an ability to work across cultures with adaptability and flexibility
• Enthusiasm for learning and an aptitude to learn quickly, and the motivation to use thought leadership to continue to grow the Compliance Risk Testing Team

Education & Preferred Qualifications

• Bachelor’s degree, Master’s degree preferred
• 10+ years of proven experience in asset management compliance, internal audit, and/or risk management
• Strong understanding of and experience assessing regulatory compliance with regulatory requirements applicable to the asset management industry (i.e. Securities and Futures Act, FINRA rules, Securities and Exchange Commission, Federal Reserve System, Financial Conduct Authority statutes and regulations) as well as internal policies
• Significant experience designing and executing asset management compliance monitoring, surveillance, testing, audit or exams over portfolio compliance, adherence to code of ethics, regulatory filings, sales and marketing, outsourcing, market conduct and trading practices
• Proven record supporting, partnering, and/or interacting with internal business clients in regard to compliance
• Expertise in risk assessment, internal controls, compliance, or audit focused in asset management compliance programs or other areas within the Financial Services sector
• Experience in leading teams of employees
• Risk focus and capability of using data analytics to perform more insightful testing

Favorable professional certifications:

• Certified Internal Auditor (CIA)
• Certified Financial Analyst (CFA)
• Certified Regulatory Compliance Manager (CRCM)
• Certified Risk Professional (CRP)

About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You’ll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you

• Strong attention to detail and coordination capabilities
• Thriving in a fast-paced environment
• Strong relationship and team building skills
• Outstanding work ethic and drive for increasing responsibility
• Highly organized and with a “roll-up their sleeves to get things done” mindset
• Excellent written, verbal, and interpersonal skills
• Ability to effectively prioritize multiple tasks and work collaboratively as part of an international team across multiple locations with global stakeholders
• Ability to evaluate detailed business data and test results with healthy skepticism and an understanding of when and how to challenge
• Inclusive mindset that recognizes the value of building relationships across a diverse global team and demonstrate an ability to work across cultures with adaptability and flexibility
• Enthusiasm for learning and an aptitude to learn quickly, and the motivation to use thought leadership to continue to grow the Compliance Risk Testing Tea